It seems we faired better than most this summer with good
occupancies despite the economic downfall. The trick will be
maintaining levels during off peak periods. The Noosa real estate
market is performing much like the rest of the country, with
sales occurring at prices lower than previous sales, with
turnover numbers also slower.

It is a time of opportunity with several of Noosa's trophy
properties coming available.

One such property is 62 Park Rd (The Cocos site), located
at the entrance to the National Park with views of the point and
out over the bay. This large 1131 sqm site will take up to 3
apartments with council consent and is ideal for a partnership to
develop and keep.

We also have a unique double waterfront site on Noosa
Sound, 29-31 Wyuna Drive, which has a house on one block and
enjoys a north-east aspect looking down the river.

It seems people are looking at their second chance to
secure properties they thought would never come up again. We are
excited about the prospect of a busy real estate market
throughout 2009. It is often surprising how little demand Noosa
needs to shorten up available stock.

We expect further interest rate cuts to drive investors out
of low yielding cash and into well located, historically high
growth trophy properties or discounted investment
properties.

The team at Dowling & Neylan Real Estate would like to
wish you a prosperous 2009!